MIT


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MIT

MIT

1. Market if touched. An order to a broker to buy or sell a security at a certain price when that price becomes available. MITs are common in futures markets, and the prices ordered are often derived from technical analysis. An MIT may be a day order or a GTC order, but not an immediate or cancel order. For example, if shares are trading at $10 and an MIT is made to buy at $11, the broker buys no securities until the price is actually $11 per share.

2. Municipal Investment Trust. A unit investment trust that invests primarily or exclusively in municipal bonds. The MIT buys these bonds and holds them until maturity, passing the coupons and principal on to unit holders.

MIT

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The MIT Libraries support the Institute's programs of study and research.
edu" presents information about library services and provides access for the MIT community to 200 databases and 1200 electronic journals.